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Smart Growth, Valuable Green Ideas, Energy Efficiency Investments + Affordable Green Developments (WIR)

Week in Review
  1. Boston suburbs urged to adhere to smart growth principles or face the loss of open space and dwindling water resources. 
  2. There’s money to be made in green ideas; the business landscaped has changed from risk management to chasing revenue growth opportunities. 
  3. Businesses are investing in energy efficient measures for the main purpose of decreasing rising energy costs. 
  4. Enterprise Green Communities continues support for green buildings by handing out four grants of $70,000 to Los Angeles-based affordable housing developers. 

Eleven Times Square (S2)

11 Times Square Eleven Times Square

Eleven Times Square is planned to be one of the next green buildings in NYC at 8th Avenue and 42nd Street.  The 1.1 million sf speculative office space, with two floors of retail, will be finished in 2009.  Also, if everything goes as planned, 11 Times Square will be certified to the LEED Silver level by the USGBC.  While it’s still early, apparently the 40-story tower is two months ahead of schedule (but there’s still 2 more years to get behind schedule).  The tower was designed by FXFOWLE Architects, and specific details of green elements are kind of hard to come by.  We’ll keep an eye on it and pass on more details as the specifics come available. 

Good Links:
++Eleven Times Square [Official Website]
++11 Times Square Starts Spec Construction [Globe St.]

::"S2" is short for "Skyscraper Sunday," a weekly article on green skyscrapers posted every Sunday::

REITs Going Greener, Consumers Priced Out of Green Products, Greener Hotels, and Eco-friendly Home Costing (WIR)

Week in Review
  1. Real estate industry quietly embracing green development, with 41% of U.S. REITs actively pursuing energy efficiency and green building upgrades. 
  2. Business leaders aver that even though companies are greening products of all kinds, buyers are unwilling to pay a green premium (ed. note = consumers probably think the premium is unjustifiably exorbitant, even with the green components). 
  3. Enjoy your green stay: hotels are rolling out all sorts of green programs, in part because customers demand them, and in part because they save money. 
  4. The eco-friendly house (and renovation) has gone mainstream, but is it really worth the cost? 

Armstrong's HQ Receives LEED-EB Platinum Award

Armstrong HQ

[Video: 4:25 min.Armstrong World Industries, Inc. (NYSE: AWI) is based in Lancaster, Pennsylvania, and operates in the business of designing and manufacturing floors, ceilings, and cabinets.  Their current headquarters was built in 1998 and is now part of an elite group of buildings to obtain the LEED Platinum certification for existing buildings.  Feel free to click the above link to see video of Armstrong’s HQ building.  The 3-story building is a glass and steel structure that has workspaces for about 235 employees.  Here are a few things they did to take the green plunge:

  • 60% of the building’s waste is recycled;
  • Building water use was reduced to 420,000 gallons (from 800,000 gallons);
  • Less than 1.5 watts/sf of energy is used, which is 1/2 the national average for comparable properties;
  • 75% of the building’s power is supplied by wind energy; and
  • Green Seal-certified cleaning products are used throughout the building. 

Now the question is:  if you own your headquarters, have you looked into LEED-EB certification through the USGBC?  We’ve seen Adobe & Owens Corning do it.  Now we have Armstrong.  Who’s next?

Good Links:
++Armstrong LEED-EB Facts & Information Page
++Armstrong Headquarters Receives LEED-EB Platinum Certification [PR]

Arrowhead by SOM in South Quay, London (S2)

SOM Arrowhead

With the weird looking skyscrapers, there’s a business problem of having expensive, unusable space.  Often, the most pragmatic, profitable shape is the plain old rectangle.  So for the sake of staying grounded in reality, today I’m going back to the boxy, modern-style skyscraper.  Above is Arrowhead, a 525,000 sf office building under construction in South Quay, London (UK) by Skidmore, Owings & Merrill.  The 26-story building is expecting an "excellent" rating under BREEAM, the environmental building assessment tool used in the UK.  Among other green features, Arrowhead will have a green roof on the top and a mid-level rooftop terrace.  The building also has a glass climate wall with external metal shading to retain heat gain in the winter and permit cooling in the summer. 

Good Links:
++Arrowhead, London, United Kingdom [SOM]
++SOM Gets Green Light for Office Development in Millennium Quarter [WAN]

SOM Arrowhead Lobby

::"S2" is short for "Skyscraper Sunday," a weekly article on green skyscrapers posted every Sunday::

Sprawl Lawsuit, Green Multifamily, Greener Hotels, & CB Richard Ellis (WIR)

Week in Review
  1. Citing the threat posed by climate change, California State Attorney General Jerry Brown has filed suit against San Bernardino County for failing to rein in sprawl. 
  2. AIA releases a web feature on incorporating green design elements to enhance multifamily communities. 
  3. Major hotel chains are starting to change their environmentally wasteful ways and design "greener" buildings. 
  4. CB Richard Ellis Group becomes the first major commercial real estate services company to announce plans to go carbon neutral (and do it by 2010) and assist its clients with energy-efficiency programs. 


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